Guilherme Federico Of MCG RE Grove Purchases Development Site On Avocado Avenue For $1.925M

The property involved in this transaction is a development site located at 3579 Avocado Avenue in the Miami market. The asset has a total of 7,000 square feet, with a building size of 5,000 square feet. The sale price was $1,925,000, resulting in a per square foot price of $275 and a price per building square foot of $385.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,925,000
• Address: 3579 Avocado Avenue
• Market: Miami
• Buyer: Guilherme Federico - MCG RE Grove
• Seller: Gonzalo V. Concha - FS Developers
• Buyer's Representative: Clarissa Valdivia - Elite International Realty Inc
• Seller's Representative: Fernanda Moreno - The FMH Group - Douglas Elliman

The deal was represented by Clarissa Valdivia acting on behalf of the buyer, while the seller was represented by Fernanda Moreno. Both representatives are associated with established real estate agencies in the market, ensuring proper guidance throughout the transaction process.